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i v r � (� � 00 O -�-�I ('� � � � � � --�1 � � •-�M- = Q � � �1 � � � Q � C�D � 7 �,, � � � ✓ � �v W '*'r � h.-r s�' r � `1 � � n^i � • _7 —� 3 ez� O � � � R � s�— A W v G -� � tt� ^" n F--+ �c W C �� GQ� G,n "C �, Q, � Q � AGREEMENT SUBORDINATING A MORTGAGE _.� � This Agreement is made this 30TH day of MARCH � 1998, by and between Five �� Points Bank Grand Island,A Nebraska Corporation, of Grand Island,Nebraska,herein refened to as FIVE POINTS BANK, and The Equitable Building and Loan Association of Grand Island, Nebraska, A Federal Savings Bank, which has a principal place of business in Hall County, Nebraska, herein referred to as Lender. The parties recite and declare that: A. FIVE POINTS BANK is the owner and holder of a certain Note and Mortgage dated March 26, 1997, which Mortgage is recorded in the Register of Deeds Office of Hall County, Nebraska, on March 28, 1997, as Document Number 97-102188 of that County, covering, in part, the following described property: The easterly sixty-one feet (61') of the westerly eighty-five feet (W85') of Lot Three (3), Block One (1) in Westerhoffs First Subdivision in the City of Grand Island, Hall County,Nebraska. B. Lender is about to loan the sum of Thirty Thousand Dollars and No Cents ($30,000.00) on a Note and Deed of Trust securing such Note to provide for the payment of a Note to Lender secured by a Deed of Trust filed against the above described property. C. To induce Lender to make such loan, it is necessary that the Mortgage held by FIVE POINTS BANK, described in Section A above, be subordinated to the lien of the Deed of Trust about to be made in favor of the Lender as beneficiary as set forth above as it applies to the above described property only. For the reasons set forth above, and consideration of the mutual covenants and promises of the parties hereto, FIVE POINTS BANK and Lender covenant and agree as follows: 1. Subordination. FIVE POINTS BANK hereby covenants, consents and agrees with Lender that the above-mentioned Mortgage is and shall continue to be subject to and subordinate in lien to the lien of the Deed of Trust about to be made to Lender stated above. 2. Consideration. In consideration of FIVE POINTS BANK sQ subordinating the Mortgage held by it to the Deed of Trust made to Lender, Lender shall make the above described loan to Gene R. Smith and Helen A.